Cadence Bank has agreed to a $5.25 million class action settlement to resolve claims arising from the May 2023 MOVEit data breach that affected approximately 869,411 individuals. If you were notified that your personal information was included in this breach, you still have time to file a claim — the deadline is June 4, 2026.
⚠️ Action Required: You must file a claim form by June 4, 2026 to receive a cash payment. Two years of free credit monitoring is available to all eligible class members who file. The Final Approval Hearing is scheduled for July 9, 2026.
Cadence Bank MOVEit Settlement — Key Details
| Settlement Fund | $5,250,000 |
| Data Breach Date | May 2023 (via MOVEit file transfer vulnerability) |
| Affected Individuals | ~869,411 people |
| Claim Filing Deadline | June 4, 2026 ⚠️ File Now |
| Exclusion/Objection Deadline | May 5, 2026 |
| Final Approval Hearing | July 9, 2026 |
| Ordinary Loss Payment | Up to $2,500 |
| Extraordinary Loss Payment | Up to $10,000 |
| Maximum Total Payment | Up to $12,500 |
| Alternate Cash Payment | ~$100 (pro-rata, no documentation needed) |
| Expected Payout | August 2026 (if approved without appeals) |
| Settlement Website | moveitcadencesettlement.com |
Who Can File a Claim?
You are eligible to file a claim if:
- You are a U.S. resident whose personal information was included in files affected by the Cadence Bank MOVEit data breach in May 2023
- You received a notice from the Settlement Administrator with a unique Claim ID and PIN
How Much Can You Get?
- Ordinary Losses (up to $2,500): Reimbursement for bank fraud fees, credit monitoring costs, credit report fees, credit freeze fees, travel/phone expenses, and lost time ($25/hour, up to 4 hours)
- Extraordinary Losses (up to $10,000): Identity theft losses, fraudulent withdrawals, unauthorized transactions, tax fraud losses, lawyer/accountant fees, and other major documented financial damages
- Maximum combined: Up to $12,500 for both ordinary and extraordinary losses
- Alternate cash payment: ~$100 (no documentation required, subject to pro-rata adjustment)
- Free credit monitoring: 2 years of three-bureau credit monitoring and identity theft protection for all eligible class members who file, including dark web monitoring, $1M identity theft insurance, and real-time alerts
How to File Your Claim — Step by Step
- Go to moveitcadencesettlement.com and click Submit a Claim.
- Enter your unique Claim ID and PIN from the notice you received.
- Fill in your personal and contact information.
- Upload supporting documents if claiming ordinary or extraordinary losses.
- Select your payment method (direct deposit recommended for fastest payment).
- Review and submit your claim form before June 4, 2026.
Alternatively, mail your completed paper claim form to: MOVEit Cadence Bank Data Breach, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9834 (postmarked by June 4, 2026).
When Will Payments Be Distributed?
The Final Approval Hearing is scheduled for July 9, 2026. If approved without appeals, payments are expected to be distributed around August–September 2026. Appeals could delay payments further into late 2026 or early 2027.